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    708 Cottonwood Ln Newton, KS 67114
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    Property profile & analytics

    708 Cottonwood Ln Newton, KS 67114

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    • Residential income homes
    Off-Market
    Property ID
    US33-0148551
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 708 Cottonwood Ln

    Property type
    Residential income homes
    Property subtype
    Dormitories

    Description

    This exceptional multifamily investment opportunity comprises thirteen duplex buildings, totaling twenty-six units, situated in Newton, Kansas, at 708 Cottonwood Ln, 67114. Currently boasting 100% occupancy, this portfolio presents a compelling return on investment. Each unit features two bedrooms and one and a half bathrooms, and is in good condition. The current average monthly rent per unit is approximately $900, offering significant potential for rental income growth. Market analysis suggests rental rates could easily increase to $1200-$1400 per month, substantially boosting the property's cash flow. The property's strong performance is reflected in its impressive 12.21% current cap rate and a pro-forma cap rate of 16.28%. The asking price is $2,300,000, translating to $88,461.54 per unit. The Net Operating Income (NOI) is currently $280,800, with a pro-forma NOI of $374,400. Newton is experiencing robust growth, fueled by new developments such as a PGA-scheduled golf and event center, a medical center, new factories, and Kansas's first QT Truck Stop. This positive growth trajectory makes this portfolio an attractive investment in a thriving community with strong rental demand. This turnkey property offers a high cap rate and immediate cash flow, making it an ideal addition to any investor's portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Harvey
    State
    Kansas
    Longitude
    -97.35798
    Latitude
    38.062736

    Comparable in this City

    • New
      $87,000
      1,271 SF

      Newton Duplex with Planned Upgrades

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      Land For Sale

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      7,500 SF

      Prime Newton Commercial Corner Lot

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      I-135 Industrial Park Land

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      Victoria Centre Buildable Lot

      Final buildable lot in Victoria Centre development.
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    • $600,000
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      Historic Newton Office Building

      Landmark Office, 5,329 sq ft, 0.43 acres
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    Similar Nearby for Sale

    • New
      $87,000
      1,271 SF

      Newton Duplex with Planned Upgrades

      All-electric duplex in Newton, KS with new roof and HVAC.
      914 N High St, Newton, KS 67114
      View Details
    • Contact for pricing

      Land For Sale

      Land available with 60,486 square feet.
      1223 Washington Rd, Newton, KS 67114
      View Details
    • Contact for pricing
      7,500 SF

      Prime Newton Commercial Corner Lot

      7,500 sq ft commercial building in established retail strip.
      724 N Main St, Newton, KS 67114
      View Details
    • Contact for pricing

      I-135 Industrial Park Land

      Located in Harvey County, excellent visibility from I-135.
      Schaben Ct, Newton, KS 67114
      View Details
    • Contact for pricing

      Victoria Centre Buildable Lot

      Final buildable lot in Victoria Centre development.
      Sutton Dr, Newton, KS 67114
      View Details
    • $600,000
      5,329 SF

      Historic Newton Office Building

      Landmark Office, 5,329 sq ft, 0.43 acres
      725 Main St, Newton, KS 67114
      View Details

    Similar Nearby for Lease

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      Versatile Commercial Space for Lease

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      North Newton Office/Retail Space

      Class-A office and retail spaces for lease in North Newton.
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      7,000 SF

      Retail Space Near Downtown Newton

      Retail space available near historic downtown Newton, Kansas.
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      Retail Center Near Walmart

      Retail suites available in high-traffic Newton location.
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      Retail Space in Newton, Kansas

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      16,480 SF

      Harvey County Warehouse with Yard

      16,480 SF warehouse with fenced yard in Harvey County.
      1535 NW 36Th St, Newton, KS 67114
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    708 Cottonwood Ln
    Newton, KS 67114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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